Part 1: Gain an Understanding of the Client W&S Partners began the planning phase of the Cloud 9 audit. As part of the risk assessment phase for the new audit, the audit team needs to gain an unde

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Part 1: Compel an Construction of the ClientW&S Partners began the planning exhibition of the Cloud 9 audit. As portio of the promote toll exhibition for the new audit, the audit team needs to compel an construction of Cloud 9's structure and its transaction environment, determine symbolicality, and assess natural promote. This earn befriend the team in developing an audit management and cunning the affection, distance, and timing of audit procedures.

RequiredAnswer the aftercited questions domiciled on the affixed knowledge environing Cloud 9 presented in the postscript to this quotation and the prevalent and prior chapters. You should too deem your countersever to the predicament judge questions in prior chapters where bearing.

Your transaction is to lore the dispose-of and interchangeable footwear industries and communication end to the audit team. Your communication earn constitute portio of the overall construction of Cloud 9's comcollocation and its environment.

You should convene your lore on providing findings from those areas that own a financial communicationing application and are deemed reasonable attached Cloud 9's operations. Use the factors listed in Illustrations 4.2 and 4.3 as a regulate for your lore.

Part 2: Analytical Procedures

RequiredAnswer the aftercited questions domiciled on the knowledge presented for Cloud 9 in the postscript to this quotation and the prevalent and prior chapters. You should too deem your counterparts to the predicament judge questions in prior chapters.

a. Using analytical procedures and the knowledge granted in the postscript, perconstitute an partition of Cloud 9's financial collocation and its transaction promotes. Discuss the ratios indicating a indicative or an unlocked-for fluctuation.b. Which local areas do you like should take appropriate substance during your audit? Deem your discourse of the analytical procedures results as well-mannered-mannered as your previous revere of symbolicality. Prepare a register to Suzie Pickering outlining undeveloped bearing areas (that is, where potential symbolical misstatements in the financial statements hold) and any other appropriate concerns.

You should convene your lore on providing findings from those areas that own a financial communicationing application and are deemed reasonable attached Cloud 9's operations. Use the factors listed in Illustrations 4.2 and 4.3 as a regulate for your lore.

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